The US Federal Reserve raised interest rates by 25 basis points on Wednesday, bringing its target range to 3.75%-4%. Bitcoin briefly dropped below $75,000 before recovering to around $76,400. Analysts remain divided on short-term prospects, with some anticipating further selling while others maintain a bullish outlook targeting $88,000 to $90,000. The Fed’s projections indicate at least one additional rate hike in 2026, keeping future monetary policy at the forefront of crypto traders’ concerns.
Source: Read the original article
